TGM's two-stage DCF values F5, Inc. (FFIV) between $196.90 and $328.63 depending on assumptions, with a base case of $250.64. Growth is taken from the company's own record (blend of 5-year revenue and FCF growth), fading to 2.5% long-run; the discount rate (9.2%) reflects its beta.
What would today's price require?
$386.95 is justified only if free cash flow grows about +19.6% a year (fading to 2.5% long-run) at a 9.2% required return — faster than the company has actually grown.
| Scenario | FCF growth (fading to 2.5%) | Discount | Value / share |
|---|---|---|---|
| Conservative | 5.0%/yr | 10.2% | $196.90 |
| Base case | 8.0%/yr | 9.2% | $250.64 |
| Optimistic | 11.0%/yr | 8.2% | $328.63 |
| Third-party model estimate (FMP) | independent reference · retrieved Jul 30, 2026 · assumptions not provided | $394.30 | |
The FMP figure is a third-party point estimate. Its cash-flow forecast, discount rate, terminal growth, and valuation date are not included in the stored response, so TGMCharts presents it only as a reference—not as an intrinsic-value conclusion or price target.
Current Price
$386.95
Market-Implied Growth
+19.6%/yr
vs +10.5% 5Y actual
Model Scenario Range
$196.90 – $328.63
model output — not a price target
Edit the assumptions to see how they change the estimated fair value. Opens seeded with TGM's data-driven base case for FFIV (growth from its own 5-year record, discount from its beta), so the sandbox starts where the scenarios above leave off. Illustrative model — not investment advice.
Base inputs: FCF $680.6M · 0.06B shares · net cash $1.1B
Estimated Fair Value
$250.64
-35.2% vs $386.95
How the estimated fair value shifts with the discount rate (WACC) and terminal growth, holding your 8.0%/yr FCF growth and 10-year horizon fixed. Green = above today's $386.95; red = below. Your current case is outlined.
| WACC ↓ / Terminal → | 1.50% | 2.00% | 2.50% | 3.00% | 3.50% |
|---|---|---|---|---|---|
| 7.2% | $302 | $325 | $352 | $387 | $430 |
| 8.2% | $258 | $274 | $293 | $315 | $341 |
| 9.2% | $226 | $238 | $251 | $266 | $284 |
| 10.2% | $201 | $210 | $220 | $231 | $243 |
| 11.2% | $182 | $188 | $196 | $204 | $213 |
